Regulatory Alerts2015-09-07
Added · Updated
Reporting of OTC derivative transactions
The Hong Kong Monetary Authority reminds Authorized Institutions of their obligations under the Securities and Futures (OTC Derivative Transaction – Reporting and Record Keeping Obligations) Rules which came into effect on 10 July 2015. The regulator highlights that approximately 34% of transactions reported during the interim period were unlinked due to data errors or omissions, necessitating immediate rectification. Institutions are required to review discrepancy and uncertain unlink reports, liaise with counterparties to resolve errors within three business days, and submit missing reports or suppress non-obligatory transactions by specified deadlines.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.